Technological Unemployment and Cyclical Unemployment.

Question

Distinguish Between:

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Technological Unemployment	Cyclical Unemployment
(i) It refers to unemployment due to the introduction of new techniques of production.	(i) It refers to unemployment due to a lack of effective demand for goods and services in the market.
(ii) It may be temporary or longterm in nature.	(ii) It is temporary in nature.
(iii) It is caused due to the introduction of new labour-saving techniques, lack of proper training, etc.	(iii) It is caused by fluctuations in business and trade cycles, a fall in effective demand, etc.
(iv) It is found more in developing countries.	(iv) It is found more in the developed countries.
(v) It can be removed by making alternative job arrangements, providing technical training, encouraging selfemployment, etc.	(v) It can be removed by encouraging consumption, export activities, etc.